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20121223
20121223
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Search Results 0 to 49 of about 81 (some duplicates have been removed)
KRON
Dec 23, 2012 8:00am PST
the looming fiscal cliff. that tax and cut measure >> i used to be a business owner are do not want taxes to go of, republicans to not want calkins to go up. despite suffering a major defeat this week, when he couldn't muster enough republican support to pass his own tax proposal, house speaker john boehner says there's still hope. in this week's republican address, boehner urges democrats to work with republicans on if no deal is reached by january 1st, severe cuts and tax increases will take effect sometime during the month. congress is cutting short its vacation to come back to work on thursday. >> a federal judge is givng the okay to b-p's settlement with businesses and people affected by the 20-10 oil spill in the gulf of mexico. under the settlement, b-p will pay close to eight billion dollars to settle economic and medical claims from thousands of businesses and individuals in louisiana, alabama and other coastal areas. aside from seafood industry claims, there is no cap on the amount b-p will pay to those who agree to the class action settlement. the company will pay 2- poin
CBS
Dec 22, 2012 6:00pm PST
. >> axelrod: jeff, thank you so much. it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays. and today, president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season, sales numbers have not been as strong as many had hoped to see. here's michelle miller. >> reporter: kidding around is a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5%, but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shoppertrak, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they just cut it to 2.5%. >> the
CBS
Dec 23, 2012 6:00pm EST
the fiscal cliff of big tax increases for most americans. and across-the-board spending cuts in the federal budget. even with congress's adjourned and president obama out of town some lawmakers today talked about a last minute deal. >> my own belief is what we ought to do is take speaker boehner's last offer the president's last offer split the difference. that would be a package of about $2.6 trillion. you couple that with the 1.1 trillion already done. that would be close to the $4 trillion we need to stabilize the debt and begin to bring it down. >> i would vote for revenues including tax rate hikes even though i don't like them, to get a-- to save the country from becoming greece tax rate hikes are part of the solution driven by the president. but he's going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the american public from a tax hike that is not a tax increase in my books. >> jeff: with christmas just two days away last minute gift guire-- buyers are out. today shopper track said saturday was the busest day of the holiday season behind black f
FOX News
Dec 22, 2012 9:00pm PST
house speaker john boehner helped create the fiscal cliff and if they don't get a long-term budget deal done massive automatic spending cuts are triggered. do you know what the slap to address the cliff. >> raise taxes on the rich people. >> every time it comes on the radio or the news i turn it off. >> raise taxes on the rich which i think will fund government for like a week. >> are you worried about your taxes going up? >> i actually hope the fiscal cliff happens. let's push it off the cliff and do it. >> do you know who john boehner is? >> no. >> the tan guy. he cries a lot? >> he cries a lot? poor thing. i would, too, if he was the speaker of the house. >> do you know who john boehner is? >> i have seen him. we use the same tanning bed. >> the fiscal cliff. are you afraid? >> very worried, indeed. >> i'm scared of heights, so. >> are you nervous? >> i think you are making me nervous. ♪ feels just like i'm falling for the first time ♪ >> just the day before the painful spending cuts take place, the bush tax cuts expire. that is why they call it the fiscal cliff. president obama wants to let the taxes go up on the so called rich generating $80 billion in refs. revenue. 8 days of federal spending
CNN
Dec 23, 2012 1:00pm PST
tomorrow. >>> solving the fiscal cliff. one millionaire says he is ready for his taxes to go up. his message to the 1%. >>> and we will have the legendary barry manilow join us later in this hour. he will tell us why a jewish boy is singing christmas caroles so much. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription f
FOX Business
Dec 22, 2012 8:00pm EST
begin tonight with the fiscal cliff, justin days from the largest tax hike in american history was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxe and draconian spending cuts reting squarely on the prsident. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimistic signs and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: president obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they went from plan b to plan seal later. the fact that they could not even plan -- pass that was an embarrassment. >> in private the president's advisers admit they are bit more apprehensive firmly believing mr. obama has the upper end of the public. if the market takes the hit to the commander-in-chief we will still face his share of
CNN
Dec 23, 2012 12:00pm PST
. >>> so far the fiscal cliff debate in washington has focused largely on taxes, tax rates, how much the wealthiest 1% or 2% americans will see their tax rates go up. tax hikes on the rich alone will not put all that much of a dent in the national deficit. could you take away every dollar from the top 1% of earners and it wouldn't fill the gap. we heard about chained cpi, a suggestion john boehner made for his proposal. i want to bring in christine romans to break this down. >> chained cpi would change the way the federal government calculate inflation. which could possibly save the government $300 billion over the next decade if implemented. normally every year, wages and prices go up. the consumer price index, the cpi measures how much they go up by tracking a basket of goods that americans typically buy. it's important, it's used to calculate cost of living adjustments on social security. checks pay a little more each year in line with inflation, as calculated by the cpi. now one potential flaw in the system, cpi assumes people don't change their basket of the price of meat goes up. t
NBC
Dec 22, 2012 11:00pm EST
-called fiscal cliff. last night the president urged lawmakers to use their time off to think about a solution. he recently called for a smaller deal that would extend unemployment and prevent tax hikes on the middle class. the fiscal cliff deadline is jab 1st. if no deal is reach by then, income taxes will go up for everyone. >>> it appears that former president george h.w. bush may not make it home from the hospital in time for christmas. the statement released tonight says mr. bush had a few low energy days and he'll stay in the hospital a little longer just adds a precaution, they say. the 41st president has been in the hospital since just after thanksgiving. he was initially admitted for a nasty cough braunbronchitis. >>> still ahead a call for stricter gun control in the wake of the tragedy in newtow >>> the nra argued this week that more guns in schools in the hands of trained professionals could protect america's children. you can see an exclusive interview with the wayne la pierre tomorrow morning on "meet the press" at 10:30 right here on nbc 4. >>> well, what's your excuse? ahead tonight some of the surprising things people will tell their bosses to get the day off from wo
MSNBC
Dec 23, 2012 9:00am PST
fiscal cliff talks with the president and speaker boehner. "the president repeatedly reminded mr. boehner of the election results -- you're asking me to accept mitt romney's tax plan. why would i do that? at another point, the speaker noted his gop majority would also return next year." that doesn't exactly sound like the basis for a deal. your interpretation? >> no, but this is why the president is not moving. but i completely agree with david when he says that the president, in order for these republicans to step out on the ledge -- remember, it's not only tea party republicans. it's been framed, but there are republicans in the house that have been there for 20 years who are against raising taxes. this is the republican dogma. it's been in place for 30-some years since the reagan era. they're against any tax hikes on anyone in any circumstance. so to really bring those republicans over that could stomach it, they need to see real concrete cuts on that side and also some entitlement reform, because that's where the spending has to really change in order to deal with the deficit. but remember, the president has his pressure points, too. you have members on the le
NBC
Dec 23, 2012 8:00am EST
smaller deal that could put off some of the effects of the fiscal cliff and get a tax cut extension for those making $250,000 or less. wealthier americans would pay for. you would avoid the fiscal cliff for now. you kick the can down the road. this is washington dysfunction at its height but it would forestal the cliff >>> i wonder if we are seeing a change to speaker boehner that got his hand slapped by some members of his party. is there long-term damage here? >> the white house is that they don't have a real partner to negotiate with. republicans are facing a reality that the public is supportive of raising taxes on wealthier americans. they are likely to have to support that. the question is always whether boehner is going to move forward without a majority support from his own party on a particular bill that may start from coming from the senate. these are debates that have to still be resolved. even if there is a short-term deal, these big issues over taxes and spending are far from resolved. if we get into the president's second term, they are still going to be occupying him.
ABC
Dec 23, 2012 7:00am PST
clock continues to run down, just nine days before we go over that fiscal cliff and everybody's taxes go up. i'm sure a lot of us feel they shouldn't be taking time off. >> that's right. there's not a lot to celebrate now. let's bring in george stephanopoulos. great to see you, george. things are coming down to the wire. we just have a few days left. what are the odds they can come up with a deal especially republicans can't agree. >> there's not going to be a big deal. that's just not happening. those talks completely collapsed this week and ended once and for all when house speaker john boehner couldn't even pass his backup plan in the house on thursday. the only possibility right now would be some kind of a very small -- some measure that would just extend the tax cuts for everyone earning under $250,000. it should be a lot of protection for a lot of people, but even that is going to be difficult. you get it only if there's a promise not to filibuster that measure in the senate and the house speaker agrees to take it up. both of those questions are very open right now. >> a lot of ope
FOX News
Dec 23, 2012 1:00pm PST
to bring the word christmas into his son's school. >> gregg: we begin with so-called fiscal cliff, major concerns for the u.s. economy are not keeping lawmakers from heading home for the holidays. but with lawmakers from both parties still at odds over how to avoid that inevitable cliff, tax hikes, spending cuts associated with it, some of them are taking to the sunday talk shows to make their respective cases with just nine days until every american taxpayer feels the pinch. steve centanni, steve is there still any chance some sort of a comprehensive agreement can be reached? >> reporter: it's looking less and less likely. two sides in the did the debate had their say on sunday talk shows. there is a lot of talk and not much action. john boehner called off his public for a plan b, there has been no movement toward any kind of deal and some are saying the president wasn't to avoid that fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. he sees a political victory. he gets additional tax revenues and gets to cut the military which democrats have been calling for years. he gets to blame republicans for it. >> reporter: if nothing has done by the end of the year, taxes go up for everybody. >> gregg: will be
FOX News
Dec 23, 2012 7:00am PST
spending cuts and tax hikes everyone's calling the fiscal cliff. the white house and top lawmakers are at odds on how to avoid the crisis. on "fox news sunday" two key senators gave their thoughts on where the talks are headed. >> i would hope we would have one last attempt here to do what everyone knows needs to be done, a larger plan that stabilizes the debt and gets us moving the right direction and does it in a way that is cognizant than we have a economy that's recovering and is weak. >> the president is eager to go over the cliff for political purposes. he sees a victory at the bottom. he gets additional tax revenue, he cuts the military which democrats have been calling for and he gets to blame republicans for it. >> joining us now as he does every sunday, chris wallace. good morning, chris. >> good morning, eric. >> we just heard two conflicting views. one senator saying that they hope to have one last meeting. the other saying he thinks president obama wants to go over the fiscal cliff. chris, what do you think's going to happen? >> up till thursday, when the house voted down or
FOX News
Dec 23, 2012 12:00pm PST
tax rates rise on those making over a million dollars. is there a plan c or over the fiscal cliff. dan henninger, editorial board member. mary anastasia o'grady and jason riley. where do we stand right now with the collapse of plan b? >> well, it's no fun being john boehner right now. he's still in a tight spot and the concern that the republicans have is that obama's panel strength and as we go over the cliff and tax rates go up. but i really think the buck stops with the president here. when you go into the negotiating sessions, paul and you're expected to make concessions, but you're expect today get something in return and boehner made a major concession on rights and the president is giving him nothing in return to take that to his caucus and say, this is what happened in the horse trading. it's all or nothing, obama seems determined to humiliate the opposition. >> paul: boehner made two concessions, first 800 billion on the table in revenue and don't raise rates when the president said no he, you've got to raise rates. he said okay, a concession on rates, an offer first we'll vot
ABC
Dec 23, 2012 9:00am EST
, even if you resolve the fiscal cliff we still have a fiscal problem and argue over both tax increases which everybody knows needs to go up in order to fix it and spending cuts and entitlements. >> it may not exist in washington. on your point about dogma, grover norquist, of course, you are you've popularized the no tax pledge for many years. on this plan by the speaker which would have loued taxes to go up your group said it wasn't a tax increase and that still wasn't good tough for a lot of house republicans. >> look, let's understand, there is a plan to actually solve the debt that's been run up, the deficits to continue, entitlement reform and tax reform to get more pro-growth, tax reform and that's the ryan plan passed twice by the house of representatives. people can talk -- >> no support from the president. it's not going anywhere. >> the democrats haven't done a budget in three, four year, haven't put anything forward that deals with entitlements. there's one and only one plan that has actual ily been passed by one house. the president hasn't put anything forward to fix entitl
FOX News
Dec 22, 2012 8:00pm PST
fiscal cliff is in a sense artificial, if he has the power to raise taxes next year for six months and then get down to serious negotiations after the congress-- >> and should republicans be willing to raise rates? say we lost the election, now what, we're just going to, we have to do it. >> well, i think if the president had put something that was like $1 of tax increases for every $4 that he was cutting, then there could be an argument for doing that, but he's not there. >> paul: all right, mary, thank you. still ahead, four state department officials were removed from their post after a r r r r r r r >> a scathing report this week blames systemic failures in leadership and management deficiencies at the state department for inadequate security at the u.s. consulate in benghazi before the september 11th attack that killed ambassador chris stevens and three other americans. in testimony before congress this week, two top advisors to secretary of state hillary clinton vowed to do better and to improve security at u.s. diplomatic posts around the world. clinton herself was suppose today
CSPAN
Dec 23, 2012 2:00am EST
provide assistance for college at the expense of higher taxes. that is underlying the fiscal cliff and everything going on on capitol hill behind us. that is the philosophical question. i tax, high benefits or a low tax, low benefits. host: the president is on his way to high this weekend. i am assuming speaker boehner is going to high and majority leader reid is going to nevada. will there be any discussions between anybody over the next week or so? when do we expect these five banks -- these guys will come back to wrap this up? guest: they will come back and wrap up the supplemental bill hand and a couple of pieces of legislation they have to do -- supplemental bill has and a couple of pieces of legislation they have to do anyway. u.s. something all of us on capitol hill are dying to find out. when -- you ask something of a who worked on capitol hill are dying to find out. at the present's post office -- press conference, someone yelled, when are you coming back? we want to have the longest section possible. host: thanks for being on the program. we will continue talking about >> we are joined by the authors of the nearly released the book, "the end of the line." glenn thrush
CNN
Dec 23, 2012 11:30am PST
very much in washington. >>> and now, to the fiscal cliff. and we are just about to go over the edge. congress has left for the holidays. if they don't get a deal done soon, tax increases and budget cuts will hit after the first of the year. earlier, republican congressman, steve la tourette said the president has been too focused on tax cuts for the rich. but he did leave the door open a little. >> i'm okay, you president, you can tax the rich people. but come up with some spending cuts, we're borrowing $1 trillion a year and he has not. >> indiana senator joe lieberman said he's more pessimistic than he's ever been that a deal will get done. >> in the aftermath of the house republicans rejecting speaker boehner's so-called plan b, the first time that i feel that it's more likely that we will go over the cliff than not. and that, if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever in american history. >> leaders from both sides are expected back in washington on thursday. in india. growing demonstrations after a 23-year-old woman was gang-raped on a bus. the protesters are growing angr
FOX
Dec 22, 2012 10:00pm EST
so is the fiscal cliff. president obama addressed the nation saying that he met republicans halfway and still no deal was reached meaning the future for tax cuts is still uncertain. >> reporter: d.c. may be shutting down for christmas but the clock last not stopped running on the fiscal cliff which is closer than ever. no deal was reached this week to keep taxes from going up on everyone. john boehner says he is hopeful that a deal could be reached but in a speech, he continues to hammer away at president obama. >> this was year the size of the debt, all $16 trillion of it surpassed the size of our entire economy. it's a grim milestone, one of many that we'll have to bear if we don't come to grips. the president's solution of raising tax rates would still leave red ink as far as the eye can see. >> the president landed in hawaii for a shorter than usual christmas break. he will return to washington after christmas to walk on the fiscal cliff. he is acknowledging the political reality by pushing a scaled back plan for a tax on the middle class. >> even though democrats and republicans are arguing about whether those rates should go up for thewe
CNN
Dec 23, 2012 2:00pm PST
things that will kick in with the fiscal cliff that even if you deal with, for instance, the tax like are supposed to kick in, unemployment is set to -- unemployment extensions are set to expire at the end of the year, what's called the dock fix, sort of makes sure that doctors are paid what they should for folks who are on government health care that is set is to expire. there's also spending cuts that you are set is to kick in there are a lot of things that will happen because of the fiscal cliff. it is very complicated. and right now, a solution is unclear. >> you are making my head hurt, brianna. no offense whatsoever. >> sorry. >> have a daiquiri out there looks absolutely gorgeous. try to have some fun. aloha. thanks very much. >> thanks, miguel. >>> if lawmakers fail to reach a deal by the end of the year, how will automatic tax increases affect your bottom line? we are breaking it down. >>> and is actor ben affleck consider a run for the u.s. senate? we will have his answer to questions put to him today. >>> and a teenage girl shot by the taliban for going to school, we will have
FOX
Dec 23, 2012 9:00am EST
>> chris: i'm chris wallace, talks to avert the fiscal cliff stall. washingtonates how to prevent more mass murders. ♪ >> chris: with nine days to go is it possible to make a deal to head off big tax increases, and spending cuts? we'll ask two senate leaders, republican john barrasso, and, democrat, kent conrad. then, as the nation mourns the victims of the newtown school shooting, we turn to a man of faith. for some answers. in these trying times he sees the need for a spiritual awakening. we'll discuss the sandy hook massacre and the meaning of christmas. with pastor rick warren. >>> plus, a change at the state department. as the benghazi report is finally released. we'll ask our sunday panel about the nomination of john kerry to replace hillary clinton. and, where the investigation of a terror attack that killed four americans goes now. and, our power player of the week, continues in holiday tradition, to show respect for veterans. all, right now, on fox news sunday. ♪ >> chris: and hello, again from fox news in washington. at christmas, people who arnauty get coal in their stock and if the white house and congress don't make a deal in the next nine days to avoid the fiscal cliff we ri
FOX News
Dec 23, 2012 11:00am PST
the fiscal cliff sal and washington debates how to prevent more mass murders. with nine days to go, is it still possible to make a deal to head off big tax increases and spending cuts? captioned by closed captioning services, inc. , republican john borasso and democrat kent conrad. >> as the nation mourns the victims of a newtown school shooting we turn to a man of faith for some answers. in these trying times he sees the need for a spiritual awakening. we will discuss the sandy hook massacre and the meaning of christmas. plus, a change at the state department as the benghazi report is finally released. we will ask our sunday panel about the nomination of john kerry to rehe place hillary clinton and where the investigation of the terror attack that killed four americans goes now. and our power player of the week continues his holiday tradition to show respect for veterans. all right now on "fox news sunday." hello again from fox news in washington. at christmas, people who are naughty get coal in their stockings and at the white house and congress -- if the white house and congress don't make a deal in the next nine days to avoid the fiscal cliff
CSPAN
Dec 23, 2012 2:00pm EST
debate concerning the fiscal cliff and john boehner's alternative that would have raised taxes on annual incomes of more than $1 million. this is about one hour. >> i'm not doing a sesame street skit here. this is what we're talking about. i think about planning a which is what the majority in the house of representatives has been trying to implement. it is very simply a plan designed to put into place that democrats and republicans say they support. that is meaningful, strong, bold plans for a simple, fair tax code. the president supports tax reform and taking the top from 25% to 30%. majoritysay we in the have been trying to put into place a real, meaningful tax reform that can ensure people can reduce rates and generate domestic growth. the trouble with that is our plan a has been designed to bring about a reduction of size and scope and the reach of the federal government. everyone knows what that means. real entitlement reform. plan a consists of two simple things. pro-growth tax reform that will keep taxes low for individuals and job creators, and small businesses in this country,
FOX News
Dec 23, 2012 8:00am PST
so-called fiscal cliff. some say no deal is what the country needs to cut spending and raise taxes. what will happen? national correspondent live in washington with the details. good morning, steve. >> good morning, eric. the two sides in the fiscal cliff debate had their say before heading home for christmas, but no deal of course. after house speaker john boehner called off his push for a plan b last week saying the ball is now in the democrats' court. there has been no movement toward any deal. democrats want tax hikes for the wealthy. republicans want spending cuts. and some in the gop say the president doesn't want to avoid the fiscal cliff. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all of this additional tax revenue for new programs and he gets to cut the military which democrats have been calling for for years and he gets to blame republicans for it. >> president obama for his part said he is optimistic a deal can still be reached. he spoke a
FOX
Dec 22, 2012 10:00pm EST
avert somee end-of-year tax hikes associated with tte fiscal -3 cliff. in the next few days i've asked leaders of congress & po work towards a package that -3 prevents a tax hike on iddle class amerrcans, protects million americans and lays the groundwork for further work onn both and deficct reduction. tte remarks came after house ppeakerrjohn boehner failed to -3 pustee enoughhof his party's -&psupport to bring his "plannb" to the floor. is prooosal woold have effectively aisedd taxes only on hose americans making more thannone million & dollars a year. we had a number of our memmees who juss really didn't want to be taxes. the two ides ach left the capitollfor the christmassholidayy, bbaminn the ooher ffr inaction.. democrrts said thursday's faiiure in he house pointed to a need for more compromise by the g-o-p. house message loud and cleaa that a comprreensive solution to the looming fiscal clifffwiil need to bb a bipartisan solution. senate republican leader mitch mcconnnll saiddthe next move &pneedd to come from the president.. he is the nlyyone that can do it. thii isn't john bo
FOX News
Dec 23, 2012 3:00pm PST
deal in the next nine days to avoid the fiscal cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen are two leading senators. john barasso, chairman of the republican policy committee and from new york democrat kent conrad, chairman of the senate budget committee. senators welcome back to "fox news sunday." >> thanks for having me. >> good to be with you. >> chris: before heading to hawaii for christmas the president laid out a new stripped down plan to avert the fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. and we should do better. this is an opportunity t
CSPAN
Dec 23, 2012 3:33pm EST
rules committee. >> two minutes. >> thank you. let's review. we have a fiscal cliff occurring at the beginning of next year. 12 short days. that means taxes go up for everybody who pays taxes and across-the-board spending cuts. the democrat alternative was rejected in a bipartisan basis earlier this year. our bill has been rejected is not passed versus the other bill. these business owners employ many tens of thousands of people in america in the middle class. the bill before us is a comprehensive bill. it gives us -- we have heard testimony after testimony from business owners give us certainty. the democrat alternative is not even comprehensive. does not include the state tax. we will be right back here again december next year. this gives us certainty and employers certainty. job greater certainty. americans certainty they will not ever pay the tax again. this is the right medicine for 99.8% of americans to prevent them from seeing their taxes go up on january 1 and it gives us an opportunity in the next session of congress to provide comprehensive tax reform to simplify our tax code to give us more certainty and more competitiveness so t
CW
Dec 23, 2012 8:30am PST
d.c. makers are home for the holidays without striking a deal on the fiscal cliff. a lot of criticism for that. the deal mean there is will be massive spending cuts and massive tax hikes after january 1st. >> what is the reality? we checked in with current san francisco mayor ed lee and former mayor womeny brown. our question on the fiscal cliff, how much of this is the politics and how much of it is show for the public and real deal cutting? >> first of all, none of it is show. it is really politicians trying their best to prevail of what they promised their voters they would do. that is what it is. they are not postponing on purpose. they are going as long as they can. willy brown said, and i agreed, my voters would have to say i didn't make the fight, what i promised to do. >> reporter: what you promised do isn't after you it is down and see the facts isn't exactly the right way to go. what do you do politically then? >> for me i naturally try to get that information out there and let the public and certainly everybody looking at the budget process understand what changed circumstances we face. for me budget has been a process where you don't really hide things. yo
FOX
Dec 23, 2012 8:00am EST
countdown to the so-called fiscal cliff, just two days until santa, and a little over eight days until taxes go up for everyone if they don't resolve this issue. >>> the last victims from the connecticut school shootings are are laid to rest, as the gun control debate heats up in the nation's capitol. a look at a rally to end gun violence. >> and another crucial game for the skins, trying to make it six wins in a row. a preview of the big one in philly today. we break down their playoff chances. >>> good morning. welcome to fox 5 morning news. i've dave ross. >> and i'm wisdom, good to see you! fun to be here on a sunday. >> we'll have a good time talking redskins. >> it is a meaningful game around christmas time. >>> also keeping tabs on the weather, bothn our area and in philly as well. this is a live look outside at the national christmas tree.got your christmas shopping done? >> of course not! >> make sure you move my name up to the top of the list! >>> a look at the national christmas tree near the white house. fox 5's gwen tolbert is in the weather center right now. how are things looking
CBS
Dec 23, 2012 1:35am EST
out to avoid the fiscal cliff, democrats and republicans have retreated to their home bases with all signs tonight pointing to us going over that cliff. that means taxes for 90% of us will be going up in days unless an agreement is reached. president barack obama is now in hawaii for christmas with his family. yesterday he urged the congress to adopt a stopgap measure to prevent taxes from rising on income under $250,000 a year and keep benefits flowing to unemployed folks. house speaker john boehner, he's home in cincinnati tonight. he failed to get members of his own party to support his plan b proposal for ending the crisis. today boehner was back on the attack, blaming democrats for the stalemate by refusing to include entitlements in the networkses. >> what the president has offered won't do anything to help our spending problem and address the crippling debt. he wants more spending and tax hikes that will hurt our economy, and he refuses to challenge the members of his party to deal honestly with thentitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the president said since the deal had not been reach
FOX News
Dec 23, 2012 9:00am PST
refusing to lead? perhaps he wants to go over the fiscal cliff. >> well, you know, and that is a very interesting point. i think maybe he does want to go over the fiscal cliff. that's how he gets what he wants. higher tax rates on everybody and extra cuts on defense. you know he is a professor. he is a lecturer. i think he is accustomed to telling people what he wants them to know and then eliciting a certain response. in the house we have had bipartisan support to extend taxes, deal with a sequester, the things on harry reid's desk. we would like to see action from the president and the senate. >> congressman blackburn thank you very much. great to see you. we hope you have a very merry christmas. >> thank you. >>> this just into our newsroom. new video of an airstrike in syria. a report that dozens have been killed and many more injured in the attack by the government on a bakery in the town of halfaya. that town was recently taken over by rebels. >>> during the budget meeting, they say the u.s. needs to reexamine how the military plays a role in protecting our diplomats. at a time when our country is looming near fiscal cliff and see -- see questions station is around the bend how do you protect? he is a
MSNBC
Dec 23, 2012 12:00pm PST
to ask yourself did they really want to go over the fiscal cliff, and was it easier for them to go ahead and just let the tax reductions expire and let the sequester take place? >> and by that are you saying you think you wanted the president to go over the fiscal cliff? >> harry reid. >> and if so, do the republicans get the blame, and do you think the president wants to go over the fiscal cliff? >> you know, republicans and democrats are going to get the blame for this. everybody is going to get the blame because it's a spending problem that has been decades in the making. when you look at the trajectory of how many has been spent in this country, you can go back 50, 60 years and see the articulation of where those dollars have been spent, see how that spending escalated coming through the '70s, back down a little bit with reagan, but not enough, and then, of course, when you reduce the taxes, you need to be reducing that spending, so the blame, there's -- there is plenty of blame to go around. i am really concerned that come january 1 you're going to see the taxes go up on people. you are going to see the obama care
CSPAN
Dec 23, 2012 12:35am EST
the consequences of going off of the fiscal cliff. in terms of the tax increases, it would mean another $221 billion. .he bush tax cuts expiring i payroll tax relief would expire and raise another $95 billion. i dish the provisions expire -- additional provisions expire for $65 million. the new affordable care act taxes would raise $18 billion. $65 billion in spending cuts for the budget control act, otherwise known as sequestration. $26 billion in emergency unemployment benefits would expire. $11 billion for medicare physician payment cuts. this is also according to reuters. back to the phones. jim from michigan on the line for democrats. how are you? caller: i'm great. host: where is your city in michigan? guest: near notre dame. caller: i have a comment on your previous caller. one of the impressions you get is as if our spending started with obama, the out-of-control spending. that was in place with bush. obama inherited it. we have two wars in iraq and afghanistan. a believer that it seems as if we have no choice did let the fiscal cliff happen. there is no way we can get o
ABC
Dec 23, 2012 7:00am EST
automatic spending cuts kick in. the dreaded fiscal cliff that will likely have a powerful impact on the economy can washington actually come to an agreement and what's going on behind the scenes? don peebles, chair monday and ceo of the peebles corporation, don was a leading fund-raiser for president obama. good to see you. >> thank you. >> a lot of drama happening in washington. let's talk about the fiscal cliff. what's your take on how this plays out? now with just a few days left in the year to get this deal done. >> i don't think they're going to come back after christmas. i think that we will see them back in early january to make a compromise. i think that comp promise is gog be in between where the president is and where the speaker is. >> you say ve go off the fiscal cliff then? >> yes, do. >> do you think we will see the economy hit recession? that was the expectation, right? >> no. that is the expectation but i don't think so. i think there's been a lot of drama, especially on the tax increase side. the tax increase side is do symbolic. at the end of the day it's not going to
CBS
Dec 23, 2012 7:30am PST
after lawmakers took off to go home for the holidays without striking a deal in the fiscal cliff. again, if there's no deal, we see painful tax hikes and massive government spending cuts after january 1st. stay with us when we checked in with san francisco mayor edley and former mayor willie brown. these guys are no strangers. we have the so-called fiscal cliff. with the politics involved here? how much of what we have been seeing is real deal cutting and how much is show? >> first of all, none of it is really show. it's really politicians trying their best to prevail what they promise their voters they would do. that's what that is. they are going as well as they can. the first day as we said something different than willie brown. i immediately agreed. my voters would have to say, i didn't do what i promised to do. >> what if what you promise to do is after you sit down and see the facts and it isn't the right way to go. what do you do politically? >> for me i naturally try to get that information out there but also let the public is certainly everybody looking at the budget process understand the change of circumstances we face.
NBC
Dec 23, 2012 10:30am EST
cuts. any hope of going over the fiscal cliff must start in the senate. not one democrat would support the idea that we could protect 99% of americans from a tax increase. boehner's plan b i thought made as soon as. to my republican kcolleagues, te the ronald reagan model is if you get 80% of what you want, that's a good day. i lime simpson-bowles. the president is going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the public from a tax hike that, is not a tax increase in my book. chuck, maybe you and me and some other people in the senate can find a way to find this on the short term but on the long term there's not going to be a deal any time soon. >> you think we're going to go over the cliff? >> i think we're going to fall out of the fiscal tree. the big chance at the big deal is at the debt ceiling. that's when we'll have leverage to turn the country around, prevent from becoming greece and save social security and medicare. to anybody listening, i will raise the debt ceiling orchl if we save medicare and social security from insolvency and prevent this country from becoming greece. no more borrowing until we know w
CNN
Dec 23, 2012 3:00am PST
about the taxes if the nation falls off the fiscal cliff at the end of the year. seven of ten questioned in our poll says there will be major problems or a crisis in the country if that happens. >> part of what voters they were looking for is some compromise up here. that's what folks want. >> our poll indicates more americans want the republicans than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled white house has no plan and offered no plan all year to deal with these looming cuts. >> but the public doesn't seem to agree and more people would blame republicans in congress rather than the president if no deal is reached. one reason why, more people see the views and policies of the gop rather than the democratic party as too extreme. that wasn't the case two years ago. if there's any good news in the poll for the republicans, it's this. a small majority say it's good for the country that the gop controls the house, which suggests the public doesn't want the democrats controlling everything here in washington. >> paul steinhauser, tha
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